Mortgage Delinquencies Up 50% In May

Mortgage Delinquencies Up 50% In May Mortgage delinquencies were up 8.49% in May, a 50% increase from a year earlier, according to Lender Processing Services. LPS also found that foreclosure starts in May rose 4.3% to its second-highest level since the firm began keeping records in 1992. LPS noted that the quality of loan originations has improved with 2009 delinquency curves well below previous years. Click here to read the release from Lender Processing Services.